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Komercni Banka (KMCA)

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Tuesday 02 April, 2002

Komercni Banka

Annual Report part 5/5

Komercni Banka
2 April 2002

PART 5



//Annual report part 5





          Report on relations between interconnected entities in 2001



                                                              Prague, March 2002

                    (hereinafter the 'report on relations')



Komercni banka, a. s., with its registered office at Na Prikope 33/969, Prague
1, postcode 114 07, ID No. 45317054, registered in the Commercial Register
administered by the Municipal Court in Prague, Section B, file no. 1360,
(hereinafter 'Komercni banka, a. s.'), forms a part of a business group
(concern), within which the following relations exist between Komercni banka, a.
s., and the controlling entities, and between Komercni banka, a. s., and
entities controlled by the same controlling entities (hereinafter '
interconnected entities').



This report on relations between the entities specified below has been
elaborated pursuant to the provisions of Section 66a (9) of Act No. 513/1991
Coll., the Commercial Code, as amended, for the accounting period of 2001.





                                I. Introduction



In the course of the accounting period of 1 January 2001 to 31 December 2001,
Komercni banka, a. s., was a member of two concerns:



          1. The National Property Fund of the Czech Republic Concern



From 1 January 2001 to 4 October 2001, Komercni banka, a. s. was a member of the
concern of the National Property Fund of the Czech Republic, with its registered
office at Rasinovo nabrezi 42, 128 00 Prague 2, ID No. 41692918, registered in
the Commercial Register administered by the Municipal Court in Prague, Section A
LXII, file no. 174 (hereinafter the 'NPF')



In the course of the above period, Komercni banka, a.s. sustained relations with
the following interconnected entities:

  Superior entities    ID No.  Subordinated entities - directly    Superior entity's share in       NPF's share in
                                         or indirectly               registered capital (%)     registered capital (%)
Severomoravska        47675748                                                                                    40.05
plynarenska a.s.
                      25379950 SMP - Sluzby s.r.o.                                       100.00
Zapadoceska           49790315                                                                                    45.84
plynarenska, a.s.
                      61779792 Plynoinzenyrink s.r.o.                                     80.00
                      25209540 Zapadoceske plynarenske montaze                           100.00
                               s.r.o.
Jihomoravska          49970194                                                                                    46.66
energetika, a.s.
                      60721910 JME - montaze, s.r.o.                                      51.00
                      63472651 AISE - JME, s.r.o.                                         51.00
Jihoceska             60827807                                                            46.67
plynarenska, a.s.
Ormilk a.s., Orl.     60109092                                                                                    46.99
mlek. v konkursu
Vychodoceska          60108789                                                                                    47.10
plynarenska,a.s.
Jihomoravska          49970607                                                                                    47.65
plynarenska, a.s.
                      25567381 RC Vanov a.s.                                              56.00
Severoceska           49903179                                                                                    48.05
energetika, a.s.
                      62743325 Energeticka montazni spolecnost                           100.00
                               Liberec s.r.o.
                      62743317 Energeticka montazni spolecnost                           100.00
                               Usti nad Labem s.r.o.
                      62743333 Energeticka montazni spolecnost                            49.00
                               Ceska Lipa s.r.o.
                      62742868 Energeticka montazni spolecnost                           100.00
                               Louny s.r.o.
                      64653382 Energozdroj s.r.o.                                         50.00
                      25013271 ESS s.r.o.                                                 51.00
                      25015915 PPC Trmice a.s.                                            49.00
                      25412159 Energokonstrukce, s.r.o.                                   49.00
                      44569971 Teplarna Usti nad Labem, a. s.                             51.74
Zapadoceska           49790463                                                                                    48.28
energetika,a.s.
                      64356591 PRO ENERGO Plzen s.r.o.                                    80.00
                      62620673 ESMOS s.r.o.                                               80.00
                      46883657 SEG - Silnoprouda energetika                               50.00
                               s.r.o.
                      25751344 Enerfin a.s.                                               84.60
Stredoceska           60193158                                                                                    48.49
plynarenska, a.s.
                      25693786 STREDOCESKA PLYNOFIKACNI a.s.                              40.00
Severomoravska        47675691                                                                                    48.66
energetika,a.s.
                      64610098 Stredomoravska elektromontazni                            100.00
                               a.s.
                      60792710 Union Leasing a.s.                                        100.00
                      25829491 Beskydska energeticka a.s.                                100.00
                      25854712 Energetika Vitkovice a.s.                                 100.00
                      25397401 SINIT a.s.                                                100.00
                      64610080 Moravskoslezska elektromontazni                           100.00
                               a.s.
                      25393537 Elektrorozvadece s.r.o.                                    78.00
                      25837117 ELTOM s.r.o.                                               50.00
                      25889567 ePRIM, a.s.                                               100.00
Sokolovska uhelna,    49790072                                                                                    48.69
a.s.
                      63505401 REO SUAS s.r.o.                                            50.00
                      63505312 Male Versailles s.r.o.                                    100.00
                      25107623 SOMET ENERGY a.s.                                         100.00
NOVA HUT a.s.         45193258                                                                                    49.00
                      47672781 Jakl Karvina a.s.                                          51.78
                      60779179 Hoteltrans s.r.o.                                          99.65
                      47679115 NH Trans s.r.o.                                            48.80
                      64617882 NOVA HUT - Valcovna za studena                             99.00
                               s.r.o.
                      25352954 VYSOKE PECE Ostrava a.s.                                   66.00
                      47977264 MS-UNIKOV OSTRAVA s.r.o.                                   74.97
                      25393804 NOVA HUT - Projekce s.r.o.                                100.00
                      25815377 NOVA HUT - OSTRAHA s.r.o.                                 100.00
                      14613581 Valcovny plechu a.s.                                       54.96
                      62360108 VP Sluzby s.r.o.                                          100.00
                      62360116 VP Technotron s.r.o.                                      100.00
                      62362411 VP BESS s.r.o.                                            100.00
Severoceska           49903209                                                                                    49.19
plynarenska, a.s.
Vychodoceska          60108720                                                                                    49.62
energetika, a.s.
                      25938878 VCE - merici technika s.r.o.                              100.00
                      25938746 VCE - montaze a.s.                                        100.00
                      25938924 VCE - elektrarny s.r.o.                                   100.00
                      25938916 VCE - transformatory s.r.o.                               100.00
Naturamyl, a.s.       60108649                                                                                    50.12
Kralovopolska, a.s.   46347267                                                                                    51.00
                      63490188 Kralovopolska strojirna Brno,                             100.00
                               a.s.
CESKY TELECOM, a.s.   60193336                                                                                    51.10
CESKE                 60193671                                                                                    51.19
RADIOKOMUNIKACE, a.s.
KaV St.Plzenec, a.s   61778079                                                    Not specified
Severoceske doly,     49901982                                                    Not specified
a.s.
                      25005553 Skladka Tusimice a.s.                                      97.29
                      44569891 SHD-KOMES a.s.                                             46.22
                      25022768 SEVEROCESKE DOLY - VTP a.s.                               100.00
                      25028197 SD - Autodoprava a.s.                                     100.00
                      25519123 Hotel Bitov s.r.o.                                         51.00
                      62241958 SHD Soft(ware), a.s.                                       50.82
                      25419196 Severozapadni ENERGO GROUP, a.s.                           51.22
SKODA PRAHA, a.s.     00128201                                                                                    54.77
                      63079534 OPM 1 a.s.                                                100.00
                      60721332 EGI a.s.                                                  100.00
TOS Kurim, a.s. v     46347615                                                                                    55.20
konkursu
Ceske aerolinie, a.s. 45795908                                                                                    56.92
                      25674285 CSA Support s.r.o.                                        100.00
Stredoceska           60193140                                                                                    58.30
energeticka, a.s.
                      46357483 ELTRAF a.s.                                                51.00
                      49826182 STE - obchodni sluzby s.r.o.                               76.43
AERO HOLDING a.s. v   00002127                                                                                    61.83
likvidaci
                      49680552 VZLU turbo-motor s.r.o.                                    96.90
                      00010669 VZLU a.s.                                                  44.61
                      60913959 AXL a.s.                                                   67.20
UNIPETROL, a.s.       61672190                                                                                    62.99
                      62243136 Vyzkumny ustav anorganicke chemie                         100.00
                               a.s.
                      60711990 Polymer Institute Brno s.r.o.                              50.00
                      60108916 ALIACHEM a.s.                                              38.98
                      62741772 Ceska rafinerska a.s.                                      51.00
                      60193328 Benzina a.s.                                               78.23
                      25123041 Petrotrans a.s.                                           100.00
                      26135710 BENZINA Trade a.s.                                        100.00
                      25053272 Kaucuk a.s.                                               100.00
                      25617214 K-PROTOS a.s.                                              70.00
                      63078121 Agrobohemie a.s.                                           50.00
                      60108916 ALIACHEM a.s.                                              50.19
                      49100262 Lovochemie a.s.                                            94.07
                      25003887 Chemopetrol a.s.                                          100.00
                      64048098 HC Chemopetrol a.s.                                        69.85
                      64049701 Chemopetrol - Doprava a.s.                                100.00
                      25005014 TeRaNet a.s.                                              100.00
                      25005120 B.U.T. s.r.o.                                             100.00
                      63146533 Citadela VI s.r.o.                                         99.00
                      63148064 Chemopetrol Cheminvest s.r.o.                              73.99
                      25005430 SPORTaS s.r.o.                                             95.46
                      25014188 Stredni skoly EDUCHEM a.s.                                100.00
                      25025139 INCHEM GROUP a.s.                                         100.00
                      25018434 CHEMOPETROL - CHEMTEZ a.s.                                100.00
                      48173355 PARAMO a.s.                                                73.52
                      25228447 PARAMET a.s.                                               51.00
                      25824660 PARAMO-KARIMPEX a.s.                                       51.00
                      25915568 PARAMOPLAST a.s.                                           52.00
                      64259790 Paramo Trysk a.s.                                         100.00
                      46357289 Koramo a.s.                                                53.27
                      43004211 Mogul NOCC a.s.                                            70.00
                      60792884 Mogul Petrol a.s                                           80.00
                      60755245 Mogul PROM a.s.                                            80.00
                      62526774 Mogul Tank plus a.s.                                       80.00
                      25013408 Mogul KORAK a.s.                                           51.00
                      25061755 Mogul OK OIL a.s.                                          51.00
                      25502115 FK Mogul Vacenovice s.r.o.                                 70.00
                      25634151 Mogul Servis a.s.                                         100.00
                      60742160 Mogul Morava a.s.                                          70.00
                      25324551 Mogul Vacenovjaci s.r.o.                                   80.00
VITKOVICE, a.s.       45193070                                                                                    67.31
                      25386727 Hotel ATOM Ostrava s.r.o.                                 100.00
                      60779993 Mechanicke dilny Kojetin s.r.o.                           100.00
                      25020790 Vitkovice Prodeco a.s.                                    100.00
                      25362810 Vitkovicke slevarny s.r.o.                                100.00
                      25824341 VITKOVICE - Servis centum a.s.                            100.00
                      25874942 VITKOVICE STEEL a.s.                                      100.00
CEZ, a.s.             45274649                                                                                    67.61
                      60698101 CEZ Energoservis s.r.o.                                   100.00
                      49433431 I & C Energo s.r.o.                                       100.00
                      47972165 Kotouc Stramberk a.s.                                      64.87
                      48391310 Hotel Dlouhe Strane s.r.o.                                100.00
                      60702001 Sigma energo s.r.o.                                        51.00
                      64939111 GAPROM s.r.o. v likvidaci                                  50.00
                      25040707 Energeticke opravny a.s.                                  100.00
                      25107950 CEZTel a.s.                                               100.00
                      26206803 AB Michle s.r.o.                                           99.99
                      25702556 CEPS a.s.                                                 100.00
                      25426796 ENIT a.s.                                                 100.00
                      46356088 Ustav jaderneho vyzkumu Rez a.s.                           46.02
                      45270902 Ustav jadernych informaci                                  51.60
                               Zbraslav a.s.
Plynoprojekt, a.s.    60193484                                                                                    72.53
Teplotechna Praha,    60192933                                                                                    73.52
a.s. v konkursu
SEVAC, a.s. v         60192968                                                                                    78.86
likvidaci
ZELEZNOBRODSKE SKLO   60278226                                                                                    84.89
a.s.
                      62245449 Titania s.r.o.                                            100.00
TONAVA, a.s.          48171549                                                                                    90.85
HOLDING KLADNO, a.s.  45144419                                                                                    96.85
v konkursu
LACMO, a.s. v         63475863                                                                                    97.33
konkursu
Prazske vodovody a    25656635                                                                                   100.00
kanal.,a.s.
Stasis,st.a           45350329                                                                                   100.00
sil.str.a.s.v
konkursu
Osinek, a.s.          00012173                                                                                   100.00
STAZAP, a.s.          45280100                                                                                   100.00
Silnice Teplice, a.s. 47285583                                                                                   100.00
v konkursu
MERO CR, a.s.         60193468                                                                                   100.00
CEPRO, a.s.           60193531                                                                                   100.00
Sklenena bizuterie    00480851                                                                                   100.00
a.s.
KRAS, a.s.            00013455                                                                                   100.00
PAL, a.s.             00211222                                                                                   100.00
LETKA, a.s.           25134132                                                                                   100.00
                      00010545 Aero Vodochody a.s.                                        35.66
                      47548924 Soukrome SOU Vodochody, s. r.o.                           100.00
                       10626   Letov, a.s. v konkursu                                     42.60
Ceska typografie,     17046581                                                                                   100.00
a.s.
Strojosvit - F.CZ,    25386930                                                                                   100.00
a.s.
Thermal - F, a.s.     25401726                                                                                   100.00
Drevarske zavody      25288016                                                                                   100.00
Borohradek-F, a.s.
INTERHOTEL BOHEMIA-F, 25016458                                                                                   100.00
a.s.
HOTEL MONTANA - F,    26196557                                                                                   100.00
a.s.
Prelouc. poliklinika  60917415                                                                                   100.00
a.s.
FORTE a.s.            25322303                                                                                   100.00
Transgas, a.s.        26460815                                                                                   100.00
                      26152436 TransgasNet a.s.                                          100.00









                      2. The Societe Generale S.A. Concern





From 4 October 2001 to 31 December 2001, Komercni banka, a. s. was a member of
the concern of Societe Generale S. A., with its registered office at 29, BLD
Hausmann, 75009 Paris, France, registration number in the French Register of
Companies: R.C.S. Paris B 552120222 (1955 B 12022) (hereinafter 'SG')



In the course of the above period, Komercni banka, a.s. sustained relations with
the following interconnected entities:


      Company                         Registered office                         SG's share in registered capital
SG Paris             29, BLD HAUSSMANN, Paris                                                   -
SG London                                                                                       -
SG Pobocka Praha                                                                                -
Sogecap              50 Avenue de general De Gaulle, Paris                                  100.00 %





         3. The Concern of Companies Controlled by Komercni banka, a.s.



In the period from 1 January 2001 to 31 December 2001, Komercni banka, a.s.,
with its registered office at Na Prikope 33/969, 114 07 Prague 1, sustained
relations with the following entities controlled by it:

  Controlling    ID No.  Controlled Entity - directly or    Controlling entity's share in   Share of NPF or SG in reg.
    Entity                          indirectly                    reg. capital (%)                  capital (%)
Komercni banka, 45317054                                                                                          60.00
a.s.
                00548758 ALL IN, a. s., v likvidaci                                  100.00
                49617982 ALL IN REAL ESTATE LEASING, s.                              100.00
                         r. o.
                63988071 A-TRADE, S.R.O.                                             100.00
                62907034 AIREL IMMO, S.R.O.                                          100.00
                60196769 INVESTICNI KAPITALOVA SPOLECNOST                            100.00
                         KB, a.s.
                61860018 PENZIJNI FOND KOMERCNI BANKY,                               100.00
                         a.s.
                31395074 KOMERCNI BANKA BRATISLAVA, a. s.                            100.00
                63998017 KOMERCNI POJISTOVNA, a. s.                                  100.00
                33279994 KOMERCNI FINANCE, B.V.                                      100.00
                25148290 FACTORING KB, A. S.                                         100.00
                00001155 MUZO, A. S.                                                  51.25
                26418479 ASIS, a. s.                                                 100.00
                26425424 REFLEXIM, a. s.                                             100.00
                45273375 Vodni stavby - akciova                                       77.18
                         spolecnost v likvidaci
                46345868 B - Stav Brno, a.s., v likvidaci                             59.13
                25252551 INTERBAU Pardubice, a.s. v                                  100.00
                         konkurzu
                46345965 Ceska zbrojovka a. s.                                        69.42





Ceska zbrojovka, a.s.



In the course of the last quarter of 2001, Komercni banka, a.s., in accordance
with its intention, sold its 69.42% stake in the registered capital of Ceska
zbrojovka, a.s., a local hand firearms manufacturer. The investor was selected
in a standard tender, started in June 2001. In November 2001 a share purchase
agreement was concluded. The transaction was implemented in December 2001. The
bank obtained aggregate revenues of CZK 3,703,000 from this transaction.









Vodni stavby, a.s. v likvidaci



As of 31 December 2001, Komercni banka, a.s., held 77.18% of shares in Vodni
stavby, a.s., a local construction company. Pursuant to Section 183b(4)(a)(2) of
the Commercial Code, Komercni banka, a.s., does not and will not exercise voting
rights pertaining to a 57.22% share (of its total 77.18% stake in the company)
and it will not allow any other person to exercise such voting rights.





                           II. Implemented Relations



Komercni banka, a. s. is a bank, as defined by Act No. 21/1992 Coll., on Banks,
as amended, which means that all of its transactions and financial services are
subject to banking secrecy pursuant to Section 38 of the above Act.



A. Relations in the period from 1 January 2001 to 4 October 2001 during which
komercni banka was a member of the NPF concern:





1. Banking Transactions



During the period when it was a member of the NPF concern, Komercni banka, a. s.
had agreements concluded with some of the interconnected entities, that are
subject to banking secrecy. These agreements were concluded under conditions
usual in business transactions and Komercni banka, a.s. incurred no damage as a
result of these agreements.



The following general information can be stated in respect of individual types
of banking transactions:





1.1. Relations in Deposit Transactions



In the course of the above period, Komercni banka, a. s., registered 1,515
business transactions with 177 clients on the basis of agreements, of which 175
clients executed 705 business transactions on current accounts, 5 clients
executed 41 business transactions on saving accounts, 51 clients executed 597
business transactions on term deposits, and 57 clients executed 172 business
transactions on so-called 'golden' term deposits.





1.2. Relations in Investment Banking



Komercni banka, a. s., registered 6,665 business transactions on the basis of
agreements with 49 clients, itemised as follows. In the course of the above
period, 61 business transactions were executed with 23 clients, performed in the
course of the same period. The remaining business transactions were executed in
the course of the above period and performed either in the course of the same
period or in the course of the subsequent period. Komercni banka, a.s., executed
6,522 business transactions with 49 clients, performed within the same period,
and 82 business transactions with 38 clients, performed in the subsequent
period. The business relations between Komercni banka, a. s., and its clients in
the area of investment banking were regulated by the following agreements:




        • Agreement on technical rules and business conditions pertaining to
        term deposits with individual interest rates

        • Master agreement on financial market trading

        • Master agreement on financial market trading of OPK (optic key card)

        • Agreement on provision of short-term credit facilities on financial
        market

        • Master treasury agreement on financial market trading

        • Master agreement on trading of bills of exchange (bills of KBB)

        • Master agreement on trading of deposit bills of exchange (deposit
        bills of KB)

        • Master agreement on trading of financial bills of exchange

        • Master agreement on trading of transferable deposit bills of exchange

        • Mandate agreement on transfer of funds from a current account

        • Agreement on inter-bank market



In the above period, Komercni banka, a. s., had two agreements on consulting
concluded with the concern members in connection with the privatisation of the
state's stake in certain members of the concern and one agreement on consulting
in relation to the acquisition of a majority stake in one of the interconnected
entities.







1.3. Relations in Credit Transactions



In the area of credit transactions, Komercni banka, a. s., executed:




    * 45 transactions with 25 clients on the basis of agreements concluded in
    the preceding period, payable in the current accounting period;

    * 92 transactions with 31 clients on the basis of agreements concluded in
    the preceding period, payable in the subsequent accounting period;

    * 103 transactions with 51 clients on the basis of agreements concluded in
    the current period, payable in the current accounting period;

    * 57 transactions with 36 clients on the basis of agreements concluded in
    the current period, payable in the subsequent accounting period.

In total, 297 transactions were executed with 74 clients in the area of credit
transactions, amounting in aggregate to CZK 33,746 million.



The structure of the credit transactions itemised by individual products is
shown in the table below:




               Credit product                                       % share of the total amount
Credits                                                                         79 %
Drawing accounts                                                                9 %
Discounts                                                                       5 %
Promises                                                                        3 %
Guarantees                                                                      3 %
Debits                                                                          1 %





The foreign currency amounts were converted according to the exchange rate
published by the Czech National Bank as of 4 October 2001.



All the above banking products were provided under standard conditions,
according to the rates list of Komercni banka, a.s., taking into consideration
the credibility of individual clients, within the scope of conditions usual in
business. None of these transactions were carried out upon an instruction of the
controlling entity.





2. Other Relations



In the period from 1 January 2001 to 4 October 2001, Komercni banka, a. s.
further sustained the following relations with the NPF concern members,
implemented in particular on the basis of agreements or other legal acts:





2.1. Relations under Agreements Concluded

2.1.1 Performance rendered by Komercni banka, a. s.
                                   Name                                     Contractual party  Execution    Effective
                                                                                                  date         date
Agmt on lease of non-residential premises in the building of KB, a.s.,      CESKY TELECOM,      29/3/99      29/3/99
branch Nymburk                                                              a.s.


                           Name                             Performance description and   Payment        Comments
                                                                      amount              in CZK
Agmt on lease of non-residential premises in the building  Nymburk building no. 167,       5,700 a    For indefinite
of KB, a.s., branch Nymburk                                basement - 19 m2                   year    period of time











2.1.2 Performance received by Komercni banka, a. s.


                      Name                            Contractual party       Execution          Effective date
                                                                                date
Agreement on the use of CZ mail messaging         TrangasNet, a.s              18/6/99
services
Purchase agreements on gas supply and consumption Severomoravska                          For indefinite period of time
                                                  plynarenska, a.s.
Purchase agreements on gas supply and consumption Zapadoceska plynarenska,                For indefinite period of time
                                                  a.s.
Purchase agreements on gas supply and consumption Jihoceska plynarenska,                  For indefinite period of time
                                                  a.s.
Purchase agreements on gas supply and consumption Vychodoceska plynarenska,               For indefinite period of time
                                                  a.s.
Purchase agreements on gas supply and consumption Jihomoravska plynarenska,               For indefinite period of time
                                                  a.s.
Purchase agreements on gas supply and consumption Stredoceska plynarenska,                For indefinite period of time
                                                  a.s.
Purchase agreements on gas supply and consumption Severoceska plynarenska,                For indefinite period of time
                                                  a.s.
Purchase agreements on electricity consumption    Jihomoravska energetika,                For indefinite period of time
and supply                                        a.s.
Purchase agreements on electricity consumption    Severoceska energetika,                 For indefinite period of time
and supply                                        a.s.
Purchase agreements on electricity consumption    Zapadoceska energetika,                 For indefinite period of time
and supply                                        a.s.
Purchase agreements on electricity consumption    Severomoravska                          For indefinite period of time
and supply                                        energetika, a.s.
Purchase agreements on electricity consumption    Vychodoceska energetika,                For indefinite period of time
and supply                                        a.s.
Purchase agreements on electricity consumption    Stredoceska energeticka,                For indefinite period of time
and supply                                        a.s.
Sale and supply of water and sewage water         Prazske vodovody a                      For indefinite period of time
drainage                                          kanalizace, a.s.
Drainage of rain and sewage water                 Prazske vodovody a                      For indefinite period of time
                                                  kanalizace, a.s.
Agreement on pricing plan provision               CESKY TELECOM, a.s.          30/4/01              31/12/01
Master agreement                                  CESKY TELECOM, a.s.          1/3/01               31/12/01
Digital connection - Praha, Havlickova            CESKY TELECOM, a.s.         12/12/01              12/12/01
Digital connection - Praha, Senovazne namesti     CESKY TELECOM, a.s.          9/3/01               31/12/01
Lease of cable lines - Olomouc                    CESKY TELECOM, a.s.          31/3/94    31/3/94 for indefinite period
                                                                                                     of time
Lease of cable lines - Opava                      CESKY TELECOM, a.s.          9/11/94    9/11/94 for indefinite period
                                                                                                     of time
Connection to unified telecommunications network  CESKY TELECOM, a.s.       Various dates For indefinite period of time
Establishment and securing of digital circuit     CESKY TELECOM, a.s.       Various dates For indefinite period of time
Servicing agreements                              CESKY TELECOM, a.s.       Various dates For indefinite period of time
EuroISDN services                                 CESKY TELECOM, a.s.       Various dates For indefinite period of time
Complementary services                            CESKY TELECOM, a.s.       Various dates For indefinite period of time
Master agreement on provision and use of Benzina  Benzina, a.s.                8/2/01              From 8/2/01
payment cards
Agmt on lease of operation premises, amendment    Ceske radiokomunikace     31/10/95 and  From 1/11/95, amendment no. 6
no. 6 - branch Chrudim                            a.s.                         1/8/01              from 1/1/01
Lease agreement no. 108 140 - branch K.Vary       Ceske radiokomunikace       25/11/98    1/1/99 for indefinite period
                                                  a.s.                                               of time


            Name               Performance description and amount      Payment in CZK               Comments
Agreement on the use of CZ             Data transmission                        1,245,000   For indefinite period of
mail messaging services                                                                               time
Purchase agreements on gas      Depending on consumption, under        According to valid        10 agreements
supply and consumption                standard conditions             rates, depending on
                                                                              consumption
Purchase agreements on gas      depending on consumption, under      According to valid          21 agreements
supply and consumption                standard conditions            rates, depending on
                                                                         consumption
Purchase agreements on gas      depending on consumption, under      According to valid           5 agreements
supply and consumption                standard conditions            rates, depending on
                                                                         consumption
Purchase agreements on gas      depending on consumption, under        According to valid        27 agreements
supply and consumption                standard conditions             rates, depending on
                                                                              consumption
Purchase agreements on gas      Depending on consumption, under        According to valid        11 agreements
supply and consumption                standard conditions             rates, depending on
                                                                              consumption
Purchase agreements on gas      Depending on consumption, under        According to valid         4 agreements
supply and consumption                standard conditions             rates, depending on
                                                                              consumption
Purchase agreements on gas      Depending on consumption, under        According to valid         4 agreements
supply and consumption                standard conditions             rates, depending on
                                                                              consumption
Purchase agreements on          Depending on consumption, under        According to valid        56 agreements
electricity consumption and           standard conditions             rates, depending on
supply                                                                        consumption
Purchase agreements on          Depending on consumption, under        According to valid        13 agreements
electricity consumption and           standard conditions             rates, depending on
supply                                                                        consumption
Purchase agreements on          Depending on consumption, under        According to valid        40 agreements
electricity consumption and           standard conditions             rates, depending on
supply                                                                        consumption
Purchase agreements on          Depending on consumption, under        According to valid        39 agreements
electricity consumption and           standard conditions             rates, depending on
supply                                                                        consumption
Purchase agreements on          Depending on consumption, under        According to valid        20 agreements
electricity consumption and           standard conditions             rates, depending on
supply                                                                        consumption
Purchase agreements on          Depending on consumption, under        According to valid        10 agreements
electricity consumption and           standard conditions             rates, depending on
supply                                                                        consumption
Sale and supply of water and    Depending on consumption, under        According to valid         7 agreements
sewage water drainage                 standard conditions             rates, depending on
                                                                              consumption
Drainage of rain and sewage     Depending on consumption, under        According to valid         7 agreements
water                                 standard conditions             rates, depending on
                                                                              consumption
Agreement on pricing plan           Contractual call charges            3,000,000 a month     'Business Platinum'
provision
Master agreement              Provision of all telecommunications              72,383,285     Agmt on provision of
                                     services by C. Telecom                                    telecom. services
Digital connection - Praha,   Establishment of 1 connection at KB                  45,000
Havlickova                             Prague-Havlickova
Digital connection - Praha,     Establishment of 1 connection -                    45,000
Senovazne namesti                     Prague, Senovaz.nam.
Lease of cable lines -       2 cable lines in the length of 1,450 m                69,600         Annual rent
Olomouc
Lease of cable lines - Opava  1 cable line in the length of 536 m                  15,264         Annual rent
Connection to unified          Establishment and lease of branch    According to telecom.   11 agreements - branches
telecommunications network   switchboard connections to the network   services price list
Establishment and securing    Establishment and lease of circuits      according to Cesky   6 agreements - branches
of digital circuit                                                   Telecom's price list
Servicing agreements             Service of telecom. facilities          1,799.00 a month   4 agreements - branches
EuroISDN services                     EuroISDN connections          according to EuroISDN   4 agreements - branches
                                                                               price list
Complementary services          Transmission of tariff impulses,              620 a month   6 agreements - branches
                             pre-dialing for selected participants
Master agreement on          Purchases of fuel and other items for             10,933,066
provision and use of Benzina    operation of vehicles at Benzina
payment cards                           petrol stations
Agmt on lease of operation     Lease of premises for location of                    9,120    Annual rent of 7,559;
premises, amendment no. 6 -    antenna systems in the recreation                          1,561.90 for services under
branch Chrudim                     centre building at Krasne                                    amendment no. 6
Lease agreement no. 108 140    Location of KB's equipment in the                  101,952 Annual rent of CZK 100,000,
- branch K.Vary              recreation centre building at Klinovec                        annual electricity fee OF
                                                                                                CZK 1,600 + VAT



All the relations under these agreements were governed by conditions usual in
business transactions and Komercni banka, a.s. incurred no damage as a result of
these relations.







B. Relations in the Period from 4 October 2001 to 31 December 2001 during which
komercni banka was a member of the Societe Generale, s.a. concern



1. Banking Transactions



During the period when it was a member of the SG concern, Komercni banka, a. s.
had agreements concluded with one of the interconnected entities, that are
subject to banking secrecy. These relations were governed by conditions usual in
business transactions and Komercni banka, a.s. incurred no damage as a result of
these relations.



In the area of investment banking, Komercni banka, a. s., carried out 17
transactions with SG Paris, related to FX operations, 2 transactions with
interest rate derivatives, and 2 transactions on the inter-bank deposit market.
19 transactions related to FX operations, 3 transactions with interest rate
derivatives, and 49 transactions on the inter-bank deposit market were carried
out with SG, branch Prague in the area of investment banking. In addition,
Komercni banka, a.s. carried out a transaction with SG Paris, relating to a sale
of securities in combination with securing put options by SG for the purpose of
any future sale to new investors.



In addition, Komercni banka, a.s., executed a part of its foreign payments
through a nostro account kept with SG.



Within the scope of foreign trade financing, KB issued a counter-guarantee for
the benefit of SG, branch Prague, consisting of a liability to be rendered,
should a corporate client fail to meet the supplier-consumer terms and
conditions.





2. Other Relations



In the period from 4 October 2001 to 31 December 2001, Komercni banka, a. s.,
sustained the following relations with the Societe Generale concern entities,
implemented on the basis of agreements or other legal acts:





2.1. Relations under Agreements Concluded

2.1.1 Performance rendered by Komercni banka, a. s.


                                      Name                                         Contractual   Execution   Effective
                                                                                      party        date        date
Agreement on the amount of consideration for the use of ATM for cash withdrawal    SG, branch     24/7/01     1/10/01
by payment cards of VISA Int.                                                        Prague


                   Name                               Performance description and amount            Payment in Comments
                                                                                                        CZK

                                                                                                    (Received)
Agreement on the amount of consideration   Agreement on the amount of consideration paid by the         30,000
for the use of ATM for cash withdrawal by  issuer bank to the processor bank for the use of ATM by
payment cards of VISA Int.                 the issuer bank's client for cash withdrawal by a
                                           payment card.





2.1.2 Performance received by Komercni banka, a. s.


         Name           Contractual Execution  Effective          Performance description and amount         Payment in
                           party       date       date                                                          CZK
Agreements on provision  SG Paris    3rd and    3rd and   Support of SG's employees in specified management  57,938,955
of management and                      4th        4th     positions in KB, provision of consulting services
consulting services                 quarter of quarter of in agreed areas and performance of audit in
                                       2001       2001    certain fields.
Guarantee of KB in       SG Paris    25/7/01    25/7/01   Guarantee for litigation fees.                         52,902
respect of a litigation
held in Britain
Agreement on temporary  SG, branch   19/12/01   19/12/01  Temporary secondment of SG's employees to work at     931,404
secondment of employees   Prague                          KB.
Agreement on provision    SogeCap    10/10/01   10/10/01  Provision of consulting services in the area of     1,595,396
of consulting services                                    insurance





All the relations under these agreements were governed by conditions usual in
business transactions and Komercni banka, a.s. incurred no damage as a result of
these relations.








    C. RELATIONS WITH COMPANIES CONTROLLED BY KOMERCNI BANKA, A. S., IN THE
    PERIOD FROM 1 JANUARY 2001 TO 31 DECEMBER 2001





1. Banking Transactions



In the above period, Komercni banka, a. s., had agreements concluded with its
controlled companies, that are subject to banking secrecy:





1.1. Relations in Deposit Transactions



In the course of the above period, Komercni banka, a. s., registered 124
business transactions with 13 clients on the basis of agreements, of which 13
clients executed 108 business transactions on current accounts, 1 client
executed 9 business transactions on term deposits, and 2 clients executed 7
business transactions on so-called 'golden' term deposits.

Within its relations to the controlled entities, Komercni banka registers one
subordinated debt, payable in 2003.





1.2. Relations in Investment Banking



Komercni banka, a. s., registers 955 business transactions on the basis of
agreements with 8 clients, itemised as follows. In the past period, 12 business
transactions were executed with 4 clients, performed in the same period. The
remaining business transactions were executed in the course of the above period
and performed either in the course of the same period or in the course of the
subsequent period. Komercni banka, a.s. executed 932 business transactions with
8 clients, performed within the same period, and 11 business transactions with 4
clients, to be performed in the subsequent period. The business relations
between Komercni banka, a. s., and its clients in the area of investment banking
were regulated by the following agreements:




        • Agreement on technical rules and business conditions pertaining to
        term deposits with individual interest rates

        • Master agreement on financial market trading

        • Master agreement on financial market trading of OPK (optic key card)

        • Agreement on provision of short-term credit facilities on financial
        market

        • Master treasury agreement on financial market trading

        • Master agreement on trading of bills of exchange (bills of KBB)

        • Master agreement on trading of deposit bills of exchange (deposit
        bills of KB)

        • Master agreement on trading of financial bills of exchange

        • Master agreement on trading of transferable deposit bills of exchange

        • Mandate agreement on transfer of funds from a current account

        • Agreement on inter-bank market



In addition to the above agreements, Komercni banka has been providing services
related to assets management to two companies.





1.3. Relations in Credit Transactions



In the area of credit transactions, Komercni banka, a. s., executed:




    * 23 transactions with 8 clients on the basis of agreements concluded in the
    preceding period, providing credits payable in the current accounting
    period;

    * 2 transactions with 1 client on the basis of agreements concluded in the
    preceding period, providing credits payable in the subsequent accounting
    period;

    * 49 transactions with 7 clients on the basis of agreements concluded in the
    current period, providing credits payable in the current accounting period;

    * 14 transactions with 4 clients on the basis of agreements concluded in the
    current period, providing credits payable in the subsequent accounting
    period.

In total, 88 transactions were executed with 11 clients in the area of credit
transactions, amounting in aggregate to CZK 8,543 million.



The structure of the credit transactions itemised by individual products is
shown in the table below:




               Credit product                                       % share of the total amount
Credits                                                                         84 %
Guarantees                                                                      9 %
Drawing accounts                                                                7 %





The foreign currency amounts were converted according to the exchange rate
published by the Czech National Bank as of 31 December 2001.



All of the above banking products were provided under standard conditions,
according to the rates list of Komercni banka, a.s., taking into consideration
the credibility of individual clients, within the scope of conditions usual in
business. None of these transactions were carried out upon an instruction of the
controlling entity.





2. Other Relations



In the above period, Komercni banka, a. s., sustained the following relations
with its controlled entities, implemented in particular on the basis of
agreements and other legal acts:





2.1. Relations under Agreements Concluded



2.1.1. Performance rendered by Komercni banka, a. s.




                          Name                             Contractual party  Execution    Effective date / expiry /
                                                                                date              performance
Agmt on lease of non-residential premises                 Komercni
                                                          pojistovna, a.s.
License Agmt on the use of trademarks                     Komercni            14/12/98             14/12/98
                                                          pojistovna, a.s.
Agmt on co-operation in the field of sale of insurance    Komercni
products                                                  pojistovna, a.s.
Agmt on accepting payment cards                           Komercni             14/3/01              14/3/01
                                                          pojistovna, a.s.
Four agmts on the use of safety boxes                     Komercni
                                                          pojistovna, a.s.
Agmt on the use of application SW for compatible media    Komercni             15/1/96              15/1/96
                                                          pojistovna, a.s.
Agmt on connection to KB Voice Info System                Komercni             8/7/98               8/7/98
                                                          pojistovna, a.s.
Agmt on transmission of data files by BBS system          Komercni             1/3/00               1/3/00
                                                          pojistovna, a.s.
Total of lines 4 to 8
Two mandate agmts on sale of products of IKS KB, a.s.     Investicni           31/5/01              1/4/01
                                                          kapitalova
                                                          spolecnost, a.s.     31/8/99             31/8/99 -

                                                                                                    31/3/01
Mandate agmt on ensuring delivery of mutual fund          Investicni           3/5/01
certificates of IKS eurobondovy fund                      kapitalova
                                                          spolecnost, a.s.
Agmt on advertising and promotion                         Investicni           18/7/01
                                                          kapitalova
                                                          spolecnost, a.s.
License agmt on the use of trademark                      Investicni          30/11/98
                                                          kapitalova
                                                          spolecnost, a.s.
Agmt on delivery of data files in BBS system payment      Investicni           4/9/00
relations on floppy discs                                 kapitalova
                                                          spolecnost, a.s.
Partial agmt on co-operation in telephone banking with TC Investicni           31/8/00
Liberec                                                   kapitalova
                                                          spolecnost, a.s.
Master agmt on mutual co-operation                        FACTORING, a.s.     10/11/97             10/11/97
Agmt on advisory services                                 FACTORING, a.s.      4/10/01     Indefinite period of time

                                                                              31/12/01

                                                                               7/1/02
Agmt on advisory services                                 FACTORING, a.s.      4/10/01  4/10/01 / indefinite period of
                                                                                                     time
Agmt on advisory services                                 FACTORING, a.s.      7/11/01  31/12/01 / indefinite period of
                                                                                                     time
Agmts on the use of KB, a.s. safety boxes                 FACTORING, a.s.      6/1/98      Indefinite period of time

                                                                               6/1/98

                                                                               3/12/98
Agmts in the area of electronic communication with KB     FACTORING, a.s.      1997 -      Indefinite period of time
                                                                                2000
Agmt on the issue of payment cards                        FACTORING, a.s.     17/12/99  17/12/99 / indefinite period of
                                                                                                     time
License Agmt incl. Amendment                              FACTORING, a.s.      8/12/99             8/12/99 /

                                                                              19/12/00             31/12/07
Agmt on the use and disseminate a copyright-protected     FACTORING, a.s.      8/4/98              8/4/98 /
work
                                                                                                   31/7/2092
Sub-lease Agmt, Prague 1, Truhlarska 18                   A-TRADE, s.r.o..     16/2/01        19/2/01 - 31/3/ 02
Agmt on lease of non-residential premises                 A-TRADE, s.r.o.      16/2/01             3 - 12/01
Ordinary performance                                      A-TRADE, s.r.o.       2001               6 - 12/01
Agmt on Work                                              A-TRADE, s.r.o.                          1 - 02/01
Agmt on garage parking space                              A-TRADE, s.r.o.      20/7/98             1 - 02/01
Sub-lease Agmt, Prague 1, Truhlarska 18                   ALL IN Real Estate   1/5/01           1/5/01- 31/3/02
                                                          Leasing, a.s.
Lease Agmt, Prague, Stepanska 42                          ALL IN Real estate   5/3/99              10/3/99 -
                                                          Leasing, a.s.
                                                                                                    7/5/01
Sub-lease Agmt, Prague 1, Truhlarska 18                   ALL IN, a.s., v      16/2/01             19/2/01 -
                                                          likvidaci
                                                                                                   30/11/01
Agmt on Work - SW application 'Cesta k bydleni' (Road to  ALL IN, a.s., v      4/3/99      Performance until 15/3/99
your own housing)                                         likvidaci
Lease Agmt                                                ALL IN, a.s., v      8/2/99           8/2/99- 31/1/01
                                                          likvidaci
Agmt on lease of garage parking space                     ALL IN, a.s., v      24/9/99         1/10/99 - 28/2/01
                                                          likvidaci
Agmt on catering for employees                            ALL IN, a.s., v      28/1/98         1/2/98 - 28/2/01
                                                          likvidaci
Agmt on the use of sales network of Komercni banka        Penzijni fond KB,   30/12/94              1/1/95
                                                          a.s.
Agmt on provision of services on the short-term bonds     Penzijni fond KB,   10/10/96             10/10/96
market                                                    a. s.
Agmt on the delegation of status of a pay-out point       Penzijni fond KB,     1998                 1998
                                                          a. s.
License Agreement                                         Penzijni fond KB,    30/9/99              30/9/99
                                                          a. s.
Settlement Agmt                                           ASIS, a. s.          1/9/01              31/12/01
Order                                                     ASIS, a. s.          1/9/01              31/12/01
Invoices                                                  ASIS, a. s. .        1/9/01              31/12/01
Fees                                                      ASIS, a. s. .        1/9/01              31/12/01
Cost reimbursement                                        ASIS, a. s. .       22/10/01
Cost reimbursement                                        ASIS, a. s. .        1/9/01              31/10/01
Lease of cars                                             ASIS, a. s. .                    For the period of 9-12/01
Provision of transmission networks, end terminals and     ASIS, a. s. .                 Taxable performance as of 31/12
related services                                                                        /01 - for the period of 9-12/01
Lease of non-residential premises at Bolzanova 3, Prague  Reflexim, a.s.        7/01                7-12/01
1
Lease of movable assets in the building at Bolzanova 3,   Reflexim, a.s.        7/01                7-12/01
Prague 1
Services related to leased/used premises at Bolzanova 3,  Reflexim, a.s.        7/01                7-12/01
Prague 1
Use-lease of non-residential premises in KB branch        Reflexim, a.s.        11/01               7-12/01
network
Sale of materials, tangible assets and other items of the Reflexim, a.s.       7-12/01              7-12/01
KB inventory.
Services related to the leased/used premises              Reflexim, a.s.        7/01                7-12/01
Telecommunication fees                                    Reflexim, a.s.        7/01                7-12/01
Lease of movables in the premises of the KB branch        Reflexim, a.s.        7/01                7-12/01
network
Use of motor vehicles                                     Reflexim, a.s.        7/01                7-12/01
Use-lease of equipment in workshops used by Reflexim      Reflexim, a.s.        7/01                7-12/01
Repairs and maintenance of motor vehicles used by         Reflexim, a.s.        7/01                7-12/01
Reflexim
Accident insurance of vehicles used by Reflexim and       Reflexim, a.s.        7/01                7-12/01
insurance against liability for damage
Use-lease of parking spaces for vehicles used by Reflexim Reflexim, a.s.        7/01                7-12/01
Employee training                                         Reflexim, a.s.       7-12/01              7-12/01
Repairs of movable things                                 Reflexim, a.s.        7/01                7-12/01
Delivery of a certain amount of consignments of Reflexim  Reflexim, a.s.        7/01                7-12/01
at the costs of KB
Provision of KB data networks for the benefit of Reflexim Reflexim, a.s.        7/01                7-12/01
Agreements on co-operation and increase of efficiency of  MUZO, a.s.           1998 -          1/1/01- 31/12/01
the ATM terminals network at the individual branches of                         2000
the bank


              Name                Performance description and amount   Payment in CZK               Comments
Agmt on lease of non-residential  2 856 m2                                     4,913,552 60 agreements in total
premises
                                                                           other related
                                                                         services in the
                                                                           amount of CZK
                                                                      1,796,395 annually
License Agmt on the use of        Use of the KB logo                           2,578,000
trademarks
Agmt on co-operation in the field Distribution of KP product at the            6,281,000 Agreements according to the
of sale of insurance products     KB branches                                            insurance area
Agmt on accepting payment cards                                      2 to 3% of realised
                                                                                payments
Four agmts on the use of safety                                      Pursuant to Tarriff
boxes
Agmt on the use of application SW                                         Free of charge
for compatible media
Agmt on connection to KB Voice                                       Pursuant to Tarriff
Info System
Agmt on transmission of data                                         Pursuant to Tarriff Payment relations
files by BBS system
Total of lines 4 to 8                                                          7,153,000
Two mandate agmts on sale of      Sale of mutual fund certificates            57,203,000 Monthly invoicing
products of IKS KB, a.s.          of IKS KB, a.s. through KB, a.s.


                                                                              11,602,000
Mandate agmt on ensuring delivery Delivery of mutual fund                         47,000
of mutual fund certificates of    certificates
IKS eurobondovy fund
Agmt on advertising and promotion Provision of prizes for a golf             Mutual fund
                                  tournament                         certificates in the
                                                                         value of 20,000
License agmt on the use of        Use of trademark                             6,500,000 1st payment in Dec. 1998,
trademark                                                                                accrued for 1998-2001, other
                                                                                         payments in 2002-2007
Agmt on delivery of data files in Delivery of data files by BBS        Charges according Monthly charges by Komercni
BBS system payment relations on   system                             to valid price list banka according to valid price
floppy discs                                                                 of KB, a.s. list
Partial agmt on co-operation in   Provision of telephone centre                  620,000 Monthly invoicing
telephone banking with TC Liberec services
Master agmt on mutual             General co-operation                                   Partial agreements follow
co-operation
Agmt on advisory services                                                        458,108 Acquisitions and incentive
                                                                                         program development
Agmt on advisory services                                             5,000 per business Co-operation in risk
                                                                             transaction management
Agmt on advisory services                                                          3,828 Economic and financial
                                                                                         consulting, accounting review
Agmts on the use of KB, a.s.      3                                                3,828
safety boxes
Agmts in the area of electronic                                      According to the KB
communication with KB                                                         price list
Agmt on the issue of payment      5                                  According to the KB
cards                                                                         price list
License Agmt incl. Amendment                                                   3,500,000 Deals with trademark asset and
                                                                                         fee for the use of logo
Agmt on the use and disseminate a                                                    500 Creation, use and
copyright-protected work                                                                 dissemination of a work of art
Sub-lease Agmt, Prague 1,         51.9 m2                                        143,306 Annual rent, fixed utilities
Truhlarska 18                                                                            price of CZK 67,356/year + VAT
Agmt on lease of non-residential  Lease of Truhlarska 18                         387,103
premises
Ordinary performance              Phones at Truhlarska 18                         68,613
Agmt on Work                      Catering for employees                          15,871
Agmt on garage parking space      Garage parking space                             9,395
Sub-lease Agmt, Prague 1,         170.3 m2                                       470,232 Annual rent, fixed utilities
Truhlarska 18                                                                            price in the amount of CZK
                                                                                         221,016/year + VAT
Lease Agmt, Prague, Stepanska 42  1 garage parking space 523000429         4,000 monthly Repudiated by the lessee on
                                                                                         23.4.01
Sub-lease Agmt, Prague 1,         129 m2                                         356,194 Annual rent, fixed utilities
Truhlarska 18                                                                            price in the amount of CZK
                                                                                         167,417.00/year + VAT
Agmt on Work - SW application '   SW conversion to Excel 7.0                           0
Cesta k bydleni' (Road to your
own housing)
Lease Agmt                        Rent in Brno                                    17,890

                                  1/01
Agmt on lease of garage parking   Garage parking space                            21,216 1-2/2001
space
Agmt on catering for employees    Catering for employees                          25,795
Agmt on the use of sales network  Mutual co-operation of Komercni              9,405,000
of Komercni banka                 banka and PF in the area of
                                  pension additional insurance sales
Agmt on provision of services on  Trading with short-term bonds in                     0
the short-term bonds market       compliance with the Short-term
                                  Bonds Market System Rules
Agmt on the delegation of status  Delegation of power to KB to                   415,000
of a pay-out point                establish and operate cashier
                                  point for the disbursement of
                                  pension allowances to PF's clients
License Agreement                 The purpose of the agreement is to           6,038,000
                                  enable PF to use trademark
Settlement Agmt                   Use of non-residential premises,             4,042,244 Negotiations on the additional
                                  furnishing of the same and                             clearance of costs
                                  rendering of related services
Order                             Provision of officer cars in order           3,768,800 Not invoiced yet
                                  to secure conduct of activities
                                  for KB
Invoices                          Invoices for miscellaneous                      37,583 Invoices for accommodation and
                                  services                                               training
Fees                              Fees for the administration of                   3,459
                                  account and for the issue of
                                  e-banking certificate
Cost reimbursement                Reimbursement of travel costs                    1,600
Cost reimbursement                Reimbursement of paid overtime                 191,764
                                  hours
Lease of cars                     Lease of cars                                  662,328 KB issued invoices to ASIS
Provision of transmission         Provision of transmission                    2,991,931 KB issued invoices to ASIS
networks, end terminals and       networks, end terminals and
related services                  related services
Lease of non-residential premises Lease of 1,116 sq m in the                   1,961,748 VAT exclusive
at Bolzanova 3, Prague 1          building from 1/7/01, 1,702 sq m
                                  from 20/11/01
Lease of movable assets in the    Lease of inventory in the leased               180,788 Vat exclusive
building at Bolzanova 3, Prague 1 premises
Services related to leased/used   According to services actually                 257,616 For the time being, the price
premises at Bolzanova 3, Prague 1 charged by service providers                           is determined according to
                                                                                         advance payments for services
                                                                                         pursuant to the agmt
Use-lease of non-residential      Lease of 4,524 sq m in KB                    7,741,484 Prices correspond to usual
premises in KB branch network     buildings in the Czech Republic                        prices in the region, VAT
                                                                                         exclusive
Sale of materials, tangible                                                       44,723 Price corresponds to the
assets and other items of the KB                                                         purchase prices of KB, VAT
inventory.                                                                               excl.
Services related to the leased/   According to actually invoiced                 102,667
used premises                     services
Telecommunication fees            Payment of costs of telecom. fees            1,250,039 Price corresponding to costs
                                                                                         incurred by KB, VAT excl.
Lease of movables in the premises Lease of inventory                             304,000 VAT excl.
of the KB branch network
Use of motor vehicles             60 vehicles                                  2,649,655 VAT excl.
Use-lease of equipment in         739 items of workshop equipment              1,552,500 VAT excl.
workshops used by Reflexim        for the period of 6 months
Repairs and maintenance of motor  57 vehicles                                     99,739 Price corresponding to costs
vehicles used by Reflexim                                                                incurred by KB, VAT excl.
Accident insurance of vehicles    57 vehicles                                    616,506 Price corresponding to costs
used by Reflexim and insurance                                                           incurred by KB, VAT excl.
against liability for damage
Use-lease of parking spaces for   40 parking spaces in the CR for                561,138 Prices commonly charged by KB
vehicles used by Reflexim         the period of 6 months                                 at the location or prices KB
                                                                                         paid to obtain or lease the
                                                                                         premises, VAT excl.
Employee training                 4 employee training courses                     45,900 Price corresponding to costs
                                                                                         incurred by KB, VAT excl.
Repairs of movable things                                                         97,490 Price corresponding to costs
                                                                                         incurred by KB, VAT excl.
Delivery of a certain amount of                                                   23,457 Price corresponding to costs
consignments of Reflexim at the                                                          incurred by KB, VAT excl.
costs of KB
Provision of KB data networks for Provision of a part of the Czech             1,800,000 VAT excl.
the benefit of Reflexim           KB data network capacity in the
                                  Czech Republic for the period of 6
                                  months
Agreements on co-operation and    Installation of data network                   114,157
increase of efficiency of the ATM concentrator
terminals network at the
individual branches of the bank





2.1.2. Performance received by Komercni banka, a. s.



Performance Received in Current Accounting Period
                            Name                               Contractual party  Execution  Effective date / expiry /
                                                                                     date           performance
Agreement on co-operation no. 5005200896 - insurance against  Komercni             17/1/00            17/1/00
liability for damage caused by employees                      pojistovna, a.s.
Agreement on co-operation in the provision of insurance       Komercni             22/4/98            22/4/98
services related to AMEXCO payment cards                      pojistovna, a.s.
Agreement on co-operation in the provision of insurance       Komercni              1/3/99             1/3/99
services related to EC/MC and VISA payment cards              pojistovna, a.s.
Agreement on the provision of collective insurance to         Komercni             27/12/00           27/12/00
consumer loans provided to KB clients                         pojistovna, a.s.
Industrial insurance policies                                 Komercni
                                                              pojistovna, a.s.
Insurance of property and against liability                   Komercni
                                                              pojistovna, a.s.
Collective personnel accident insurance                       Komercni pojistovna
Purchase agreement no 14/0960/220/2001 on sale and            MUZO, a.s.           19/6/01        19/6/01-31/12/01
installation of ATM NCR with night safe and SW
                                                                                                      in 2002

                                                                                                      in 2002
Purchase agreement no. 10/0409/220/2001 on delivery of        MUZO, a.s.           11/6/01        11/6/01-31/12/01
MONEYLINE payment terminals


                                                                                                      in 2001

                                                                                                      in 2001
Purchase agreement no. 10/0408/220/2001 on delivery of BULL   MUZO, a.s.           11/4/01       11/4/01.-31/12/01
AMADEO EFT POS payment terminals


                                                                                                      in 2001

                                                                                                      in 2001
Purchase agreement no. 10/1913/220/2001                       MUZO, a.s.           24/10/01      24/10/01-31/12/01



                                                                                                      in 2002

                                                                                                      in 2002
Servicing agreement no. 12420301 on provision of service of   MUZO, a.s.            25/501        1/4/01-31/12/01
ATM
Agmt on provision of services in pilot operation of Card      MUZO, a.s.            1/5/01   1/5/01-31/7/01
Management System

- Amendment no. 1


                                                                                                  1/8/01-31/12/01

                                                                                    1/8/01
Management agmt no. 52061514                                  MUZO, a.s.           18/11/91  1/1/01-31/12/01

on delivery of ATM with accessories

- Schedule no. 15

                                                                                             6.2.-31.12.
    to Amendment no. 7
                                                                                  2.2.2001   2001
- Schedule no. 16
                                                                                  29.5.2001  31.5.-31.12.

    to Amendment no. 7                                                            21.6.2001  2001

    - Schedule no. 10                                                             30.6.2001  22.6.-31.12.

    to Amendment no. 8                                                            24.5.2001  2001

    - Schedule no. 11                                                             12.6.2001  31.7.-31.12.

    to Amendment no. 8                                                            18.11.2001 2001

    - Schedule no. 11                                                             5.10.2001  25.5.-31.12.

    to Amendment no. 14                                                           12.6.2001  2001

    - Schedule no. 10                                                             2.2.2001   4.5.-31.12.

to Amendment no. 15                                                               27.7.2001  2001

- Schedule no. 5                                                                  31.10.2001 19.11.-31.12.

                                                                                  26.11.2001 2001
    to Amendment no. 20
                                                                                             18.9.-31.12.
    - Schedule no. 9
                                                                                             2001
    to Amendment no. 24
                                                                                             22.5.-31.12.
    - Schedule no. 1
                                                                                             2001
    to Amendment no. 28
                                                                                             7.3.-31.12.
    - Schedule no. 6
                                                                                             2001
    to Amendment no. 29
                                                                                             28.6.-31.12.
    - Schedule no. 3
                                                                                             2001
    to Amendment no. 30
                                                                                             1.11.-31.12.
    - Schedule no. 4
                                                                                             2001
    to Amendment no. 30
                                                                                             26.11.-31.12.
    - Schedule no. 5
                                                                                                        2001
to Amendment no. 30
Purchase agreement no. 103336 payment terminals BULL AMADEO   MUZO, a.s.          26/6/98    1/1/01-31/12/01
(1,000 pcs)

- Amendment no. 3


                                                                                  in 2001
- Amendment no. 4


                                                                                  in 2001
Purchase agreement no. 104251 payment terminals BULL AMADEO   MUZO, a.s.          5/5/99          1/1/01-31/12/01
(300 pcs)

- Amendment no. 1


                                                                                  in 2001
- Amendment no. 2


                                                                                  in 2001
Purchase agreement no. 104761 payment terminals BULL AMADEO   MUZO, a.s.          16/11/99        1/1/01-31/12/01
(500 pcs)

- Amendment no. 1
                                                                                  in 2001


- Amendment no. 2
                                                                                  in 2001
Purchase agreement no. 10/1516/220/200                        MUZO, a.s.          27/12/00        1/1/01.-31/12/01
Servicing agreement no. 1/93 on service of ATM in             MUZO, a.s.           18/1/93         1/1/01-31/3/01
post-guarantee period - Amendment no. 22
Contract for work                                             MUZO, a.s.           17/5/94        1/1/01-31/12/01

on servicing of DC 310 equipment
Contract for work no. 103061                                  MUZO, a.s.           15/12/97       1/1/01-31/12/01
Contract for work                                             MUZO, a.s.          30.8.1999       1/1/01-31/12/01

on servicing of DC 9000 equipment
Agmt no. 63/94/05/01                                          MUZO, a.s.          7.3.1994        1/1/01-31/12/01

on authorisation of cash payments and bank transfers by
payment cards


        - Amendment no. 1/1994

        - Amendment no. 2/1994                                                    28/11/94

        - Amendment no. 1/1996                                                    2/12/94

        - Amendment no. 1/1998                                                    29/1/96

        - Amendment no. 2/1998                                                    29/1/98

        - Amendment no. 1/1999                                                    13/8/98

        - Amendment no. 1/2000                                                    3/6/99

        - Amendment no. 2/2000                                                    20/1/00

        - Amendment no. 1/2001                                                    29/6/00

                                                                                  25/1/01
Agreement                                                     MUZO, a.s.          25/6/97         1/1/01-31/12/01

on operation of domestic clearing payment card operation
project

- Amendment no. 1


                                                                                  21/9/01
Agreement on operation of inter-bank information system FIPOK MUZO, a.s.          12/4/94         1/1/01-31/12/01

- Amendment no. 1



- Amendment no. 2                                                                 22/3/95



                                                                                  10/8/98
Contract for work                                             MUZO, a.s.          3/6/98     1/1/01-31/12/01

                                                                                             -

- Amendment no. 1                                                                 3/11/99

                                                                                             -

- Amendment no. 2                                                                 14/6/00

                                                                                             -

- Amendment no. 3                                                                 30/11/00

                                                                                             in 2002

- Amendment no. 4                                                                 21/12/01

                                                                                             in 2002

- Amendment no. 5                                                                 21/12/01
Order and receipt                                             MUZO, a.s.          June 2001
Order and receipt                                             MUZO, a.s.             2001
Order and receipt                                             MUZO, a.s.             2001
Order and receipt                                             MUZO, a.s.             2001
Order and receipt                                             MUZO, a.s.             2001
Order and receipt                                             MUZO, a.s.             2001
Order and receipt                                             MUZO, a.s.             2001
Order no. 10240000201                                         ALL IN, a.s. v       26/1/01            14/2/01
                                                              likvidaci
Order no. 01400000401                                         ALL IN, a.s. v       30/1/01            15/2/01
                                                              likvidaci
Order no. 17140050100                                         ALL IN, a.s. v       29/12/00            4/1/01
                                                              likvidaci
Agreement on financial sub-lease                              ALL IN Real Estate   22/12/94          1995-2003
                                                              Leasing, a.s.
Agreement on financial sub-lease                              ALL IN Real Estate   22/12/94          1995-2003
                                                              Leasing, a.s.
Master agreement                                              ASIS, a.s.           31/8/01            31/12/01
Agreement on quantity discount                                ASIS, a.s.           1/9/01 -
                                                                                   31/12/01
Master agreement                                              ASIS, a.s.           31/8/01             1/9/01
Installation and liquidation of PC stations                   ASIS, a.s.                     Taxable performance as of
                                                                                                      31/12/01
UPS installation                                              ASIS, a.s.                     Taxable performance as of
                                                                                                      31/12/01
Branch offices delimitation                                   ASIS, a.s.                     Taxable performance as of
                                                                                                      31/12/01
Installation - Profibanka                                     ASIS, a.s.
Agreement on lease of non-residential premises                A-TRADE, s.r.o.      28/2/01          04 to 12/01
Master agreement on the provision of support services and     Reflexim, a.s.       29/6/01          From 1/7/01
transfer of employees
License agreement                                             Komercni banka       3/12/98            31/12/07
                                                              Bratislava, a.s.
                                                                                   amended

                                                                                  on 22/2/00
Provision of IT services                                      Komercni banka       15/9/95
                                                              Bratislava, a.s.
Lease of cars                                                 Komercni banka        6/7/01    During the existence of
                                                              Bratislava, a.s.                  the lease agreements
Partial agreement on mutual co-operation                      Komercni banka       30/9/99    For indefinite period of
                                                              Bratislava, a.s.                          time
Agmt on future agmt on delivery and service of computer       Vodni stavby         16/2/96    For indefinite period of
equipment                                                                                               time
Contract for work no. 102/98 on post-warranty period service  Vodni stavby          8/1/99         Until 30/4/02
of computer equipment


            Name              Performance description and amount  Payment in CZK                Comments
Agreement on co-operation no. Possibility to conclude an                 Paid by
5005200896 - insurance        insurance policy                         employees
against liability for damage                                        individually
caused by employees
Agreement on co-operation in  Insurance premiums                    10 549 686,-
the provision of insurance
services related to AMEXCO
payment cards
Agreement on co-operation in  Insurance premiums                    60 873 079,-
the provision of insurance
services related to EC/MC and
VISA payment cards
Agreement on the provision of Insurance premiums                     5 544 934,-
collective insurance to
consumer loans provided to KB
clients
Industrial insurance policies                                        6 285 502,- 11 agreements, incl. POV
Insurance of property and                                            2 100 142,- Sum of contracts
against liability
Collective personnel accident                                          274 000,- Sum of contracts
insurance
Purchase agreement no 14/0960 ATM NCR + basic SW                      USD 43,986
/220/2001 on sale and
installation of ATM NCR with  Application SW
night safe and SW
                              technical works                         CZK 45,000

                                                                      CZK 34,000
Purchase agreement no. 10/    Payment terminals MONEYLINE 300 pcs    EUR 342,000
0409/220/2001 on delivery of
MONEYLINE payment terminals   - software

                              - training

                                                                     CZK 930,000

                                                                     CZK 900,000
Purchase agreement no. 10/    Payment terminals                    FRF 1,722,400
0408/220/2001 on delivery of  BULL AMADEO 400 pcs
BULL AMADEO EFT POS payment
terminals                     - application SW

                              - training
                                                                   CZK 1,240,000

                                                                   CZK 1,200,000
Purchase agreement no. 10/    payment terminals                    FRF 2,160,810
1913/220/2001                 BULL AMADEO 530 pcs

                              - application SW

                              - activation and training
                                                                   CZK 1,431,000

                                                                   CZK 1,590,000
Servicing agreement no.       Service of cash machines                18,804,165
12420301 on provision of
service of ATM
Agmt on provision of services Provision of system tools and              755,000
in pilot operation of Card    co-operation for verification of
Management System             CMS back-ups

- Amendment no. 1             -dtto-







                                                                         755,000
Management agmt no. 52061514  Technical and assembly works

on delivery of ATM with
accessories

- Schedule no. 15


    to Amendment no. 7                                                    23,370

- Schedule no. 16                                                         27,015

                                                                          16,450
    to Amendment no. 7
                                                                          22,665
    - Schedule no. 10
                                                                          30,460
    to Amendment no. 8
                                                                          21,450
    - Schedule no. 11
                                                                          19,375
    to Amendment no. 8
                                                                          28,855
    - Schedule no. 11
                                                                          16,450
    to Amendment no. 14
                                                                          16,225
    - Schedule no. 10
                                                                          30,775
to Amendment no. 15
                                                                          32,125
- Schedule no. 5
                                                                          29,480

    to Amendment no. 20

    - Schedule no. 9

    to Amendment no. 24

    - Schedule no. 1

    to Amendment no. 28

    - Schedule no. 6

    to Amendment no. 29

    - Schedule no. 3

    to Amendment no. 30

    - Schedule no. 4

    to Amendment no. 30

    - Schedule no. 5

to Amendment no. 30
Purchase agreement no. 103336
payment terminals BULL AMADEO
(1,000 pcs)

- Amendment no. 3

                              Extension of Diners Club SW                    700
                              delivery
- Amendment no. 4
                              - disconnection of EFT POS
                                                                           1,200
Purchase agreement no. 104251
payment terminals BULL AMADEO
(300 pcs)

- Amendment no. 1

                              Extension of Diners Club SW                    700
                              delivery
- Amendment no. 2
                              - disconnection of EFT POS
                                                                           1,200
Purchase agreement no. 104761
payment terminals BULL AMADEO
(500 pcs)

- Amendment no. 1             Extension of Diners Club SW                    700
                              delivery

                              - disconnection of EFT POS
- Amendment no. 2                                                          1,200
Purchase agreement no. 10/    Payment terminals                    FRF 2,446,200
1516/220/200                  BULL AMADEO 600 pcs

                              Application SW

                              Activation and training


                                                                   CZK 1,800,000

                                                                   CZK 1,860,000
Servicing agreement no. 1/93  Cash machine service - 277 pcs       CZK 8,963,253
on service of ATM in
post-guarantee period -
Amendment no. 22
Contract for work             Service of personalisation                 192,000
                              equipment - 2 pcs
on servicing of DC 310
equipment
Contract for work no. 103061  Service of EFT POS                           3,996
Contract for work             Service of personalisation                 604,800
                              equipment - 1 pc
on servicing of DC 9000
equipment
Agmt no. 63/94/05/01          Authorisation services -               154,390,898

on authorisation of cash      33,119,957 transactions
payments and bank transfers
by payment cards              Load processing -

                              3,026 loads
        - Amendment no. 1/
        1994                  Other operatin services -                  302,600

        - Amendment no. 2/    34,655 units
        1994

        - Amendment no. 1/
        1996                                                             542,020

        - Amendment no. 1/
        1998

        - Amendment no. 2/
        1998

        - Amendment no. 1/
        1999

        - Amendment no. 1/
        2000

        - Amendment no. 2/
        2000

        - Amendment no. 1/
        2001

Agreement                     Domestic clearing                        2,537,264

on operation of domestic
clearing payment card
operation project

- Amendment no. 1
Agreement on operation of     Operation of FIPOK system                  251,280
inter-bank information system
FIPOK

- Amendment no. 1             Clarification of rules

                              Rextension of information on cards               -
                              (CARDFIPOK)
- Amendment no. 2                                                         60,000
Contract for work             Creation, delivery and maintenance       3,705,000
                              of a set of programs for issuing
                              and accepting payment cards (CMS)

                              Other program modules

                              Diner club module

                              Other program modules

                              Other program functions

                              Other program functions





- Amendment no. 1                                                              -



- Amendment no. 2                                                              -



- Amendment no. 3                                                              -



- Amendment no. 4

                                                                       5,158,000

- Amendment no. 5                                                      1,035,000
Order and receipt             Modification of the EuroTel Go             155,000
                              application
Order and receipt             Consumption material for DataCard           84,965
                              devices
Order and receipt             EFT POS servicing                          971,509
Order and receipt             Repairs of cash machines above the         122,781
                              framework of the agreement (damage
                              by force)
Order and receipt             Cash machines operation training           432,000
Order and receipt             Re-installation of cash machines           121,890
Order and receipt             Consumption material for cash            1,209,476
                              machines
Order no. 10240000201         Market appreciation                         28,000
Order no. 01400000401         Market appreciation                         22,000
Order no. 17140050100         Market appreciation                         26,667
Agreement on financial        Leasing KB U Pruhonu 37                  9,367,413 Leasing instalments
sub-lease
Agreement on financial        Leasing KB U Pruhonu 38                  7,267,808 Rent + advance payments for future
sub-lease                                                                        purchase
Master agreement              IT services                         17,308,830 per price for services from the 1st to the
                                                                           month 15th day of the relevant month and
                                                                                 advance payments for services from the
                                                                                 16th to the last day of the relevant
                                                                                 month
Agreement on quantity         Agreement on the amount of the           7,043,000 A 10% discount is provided for the
discount                      discount provided. The amount shall                mentioned period of time.
                              be based on the aggregate volume of
                              performances received by the bank.
Master agreement              Non-recurring IT services                1,243,238 Non-recurring services not included in
                                                                                 the monthly fixed payments
Installation and liquidation  Installation and liquidation of PC         558,280
of PC stations                stations
UPS installation              UPS installation                           230,584
Branch offices delimitation   Branch offices delimitation                366,615
Installation - Profibanka     Installation - Profibanka                3,294,680
Agreement on lease of         Lease -                                     44,730
non-residential premises
                              Barrnadov
Master agreement on the       Comprehensive services package:        120,649,724 VAT incl.
provision of support services administration of movable and
and transfer of employees     immovable assets and related
                              support services
License agreement             Payment for logo                           500,000
Provision of IT services      DI, Branchpower                            702,000
Lease of cars                                                         Additional
                                                                    invoicing of
                                                                        actually
                                                                  incurred costs
Partial agreement on mutual   Monitoring in bankruptcy                   120,000
co-operation                  proceedings
Agmt on future agmt on        Delivery of components and                  20,887 As invoiced
delivery and service of       accessories to lap tops
computer equipment
Contract for work no. 102/98  Services                                 1,906,164
on post-warranty period
service of computer equipment





Performance to be Received in Future Accounting Periods
                     Name                       Contractual party  Execution date Effective date / expiry / performance
Master agreement on the provision of IT         ASIS, a.s.            1/9./01         For indefinite period of time
services
Installation - Profibanka                       ASIS, A.S.




          Name               Performance     Payment in                             Comments
                           description and       CZK
                                amount
Master agreement on the                      197,815,200 Processor shall render IT support services with respect to the
provision of IT services                                 branch network, within the defined extent and in the defined
                                                         quality.
Installation - Profibanka                      4,000,000 Installation of e-banking product











2.2. Performance received under other legal acts



Komercni banka, a. s., received the following performance:




      Legal grounds             Payor         Performance          Amount              Comments
                                                 date
Dividends                 MUZO, a.s.         4/6/01                CZK 31,812,500 For the year 2000
                                                            
Dividends                 IKS, a.s.          29/6/01               CZK 63,750,000 For the year 2000
                                                            
Dividends                 KOMERCNI FINANCE,  3/8/01                NGL 1,000,000
                          B.V.                               
                                             23/11/01              NGL 243,178
                                                           
Reduction of registered   ALL IN, a. s.      21/12/01              CZK 59,983,000  Based on a decision of a sole 
capital                                                            shareholder (KB) dated 21/11/00









2.3 Other Legal Acts



In addition, Komercni banka, a.s., concluded agreements on reimbursement of
personal expenses (26 February 2001) and on assumption of a financial obligation
(31 January 2001) with IKS, a.s., spent on preparation of KB's employees prior
to their engagement at IKS, a.s. The reporting entity incurred no damage as a
result of these business relations.





III. Conclusion





The board of directors of Komercni banka, a. s. has reviewed all the relations
between Komercni banka, a. s., and its interconnected entities in the course of
the period from 1 January 2001 to 31 December 2001 and it has concluded that
Komercni banka, a.s., incurred no damage as a result of any agreement concluded
or any other legal act performed and that no measures were adopted in the
interest or upon a request of the interconnected entities.







In Prague on 29 March 2002








                         Alexis Juan                                                Tomas Spurny
             Chairman of the Board of Directors                           Member of the Board of Directors
                    Komercni banka, a. s.                                       Komercni banka, a. s.







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